The New Comparative Economics

The New Comparative Economics

In recent years, comparative economics experienced a revival, with a new focus on comparing capitalist economies. The theme of the new research is that institutions exert a profound influence on economic development. The authors argue that, to understand capitalist institutions, one needs to understand the basic tradeoff between the costs of disorder and those of dictatorship. They then apply this logic to study the structure of efficient institutions, the consequences of colonial transplantation, and the politics of institutional choice.

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Bibliographic Details
Main Authors: Djankov, Simeon, Glaeser, Edward, La Porta, Rafael, Lopez-de-Silanes, Florencio, Shleifer, Andrei
Language:English
en_US
Published: World Bank, Washington, DC 2003-05
Subjects:COMPARATIVE ECONOMICS, ECONOMIC DEVELOPMENT, COSTS, INSTITUTIONAL ECONOMICS, SOCIALISM, CAPITALISM, RESOURCE PLANNING, PRIVATE INSTITUTIONS, PUBLIC INSTITUTIONS, PROPERTY RIGHTS, ECONOMIC GROWTH, GOVERNMENT REGULATIONS, CORRUPTION, DICTATORSHIP, DEMOCRACY, ECONOMIC REFORM ANTI-COMPETITIVE PRACTICES, BANK SUPERVISION, BENCHMARK, BENEFITS, BRIBERY, CAPITALIST SYSTEMS, CASH, CENTRAL GOVERNMENT, CENTRAL PLANNING, CENTRALIZATION, CIVIL LAW, CIVIL WAR, COLONIZATION, COMMON LAW, COMMUNISM, COMMUNIST, COMMUNIST PARTY, COMPETITIVE MARKETS, CONSTITUTION, CONSTITUTIONALITY, CONSUMERS, CONTRACT ENFORCEMENT, CRIME, DAMAGES, DECISION-MAKING, DECISION-MAKING AUTHORITY, DICTATORS, DISCLOSURE, ECONOMIC EFFICIENCY, ECONOMIC PERFORMANCE, ECONOMIC PROBLEMS, ECONOMIC REFORM, ECONOMIC REFORMS, ECONOMIC SYSTEMS, ECONOMICS, ECONOMISTS, EMPIRICAL RESEARCH, EMPIRICAL STUDIES, EQUILIBRIUM, ETHNIC GROUPS, FACTOR ENDOWMENTS, FEDERALISM, GOVERNMENT EXPROPRIATION, GOVERNMENT INTERVENTION, GOVERNMENT OWNERSHIP, GOVERNMENT REGULATION, HUMAN CAPITAL, INCOME, INDUSTRIALIZATION, INEFFICIENCY, INEQUALITY, INSTITUTIONAL DEVELOPMENT, INSTITUTIONAL QUALITY, INSTITUTIONAL STRUCTURE, JUDICIAL DECISIONS, JUDICIARY, LABOR MARKETS, LAWS, LEGAL ACTION, LEGAL ORIGINS, LEGAL SYSTEM, LEGAL SYSTEMS, LEGISLATION, LEGISLATORS, LOCAL INSTITUTIONS, MANDATES, MARKET DISCIPLINE, MARKET ECONOMY, MARKET POWER, MINES, MONOPOLIES, PENALTIES, PER CAPITA INCOME, POLITICAL CONTROL, POLITICAL ECONOMY, POLITICAL LEADERS, POLITICAL SYSTEM, PREDATORY PRICING, PRESIDENCY, PRIVATE SECTOR DEVELOPMENT, PRIVATIZATION, PUBLIC CONTROL, PUBLIC ENTERPRISES, PUBLIC GOODS, PUBLIC INVESTMENTS, PUBLIC WELFARE, REGULATORY AGENCY, REGULATORY INSTITUTIONS, REGULATORY SYSTEM, RESOURCE ALLOCATION, RULE OF LAW, SECURE PROPERTY RIGHTS, SECURITIES, SOCIAL CAPITAL, SOCIAL CONTROL, SOCIAL COSTS, SOCIAL POLICY, STATE CONTROL, STATE INTERVENTION, STATE OWNERSHIP, STATE POWER, SUBJECTIVE ASSESSMENTS, SUBVERSION, TAXATION, TECHNOLOGICAL CHANGE, TRANSITION ECONOMIES, WEALTH, ANTI-COMPETITIVE PRACTICES,
Online Access:http://documents.worldbank.org/curated/en/2003/05/2386464/new-comparative-economics
https://hdl.handle.net/10986/18185
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